EUR / USD today: the euro remains in an uptrend

At the Thursday trading the pair EUR / USD closed the day with a sale increase of the American dollar because of weak statistics on the US. With the release of optimistic data on the euro area today, the pair’s growth resumed, but remains a limited overbought.

Events for today:

• 20:00 –  a number of drilling rigs in the USA from Baker Hughes.

Also, the currency market continues to monitor the dynamics of stock exchanges, the growth of which puts the pressure on the American dollar. In turn, the stock markets are riveted to the dynamics of raw materials, and it expects OPEC statements.

The EUR / USD pair formed an upward trend in working out the bullish divergence, which is traced on H4 and D1, but is limited to overbought. Probably, the upward dynamics of the euro will continue and will be limited to the level of support: 1.1640-20, the test of which will relieve overbought. Significant resistance and goals are the marks: 1.1700-10 and 1.1740.

EUR / USD Chart. Current price – 1.1660

Read also: “Positive locking order as an alternative to the stop”

Hanzenko Anton